They should design something like HD 7870 Bitcoin Edition for very fast mining

I know that sounds awesome, but what would be the real point? Every miner would buy the card and then the relative computational strength would stay the same. Everyone would generate the same number of coins. Right?

They should design something like HD 7870 Bitcoin Edition for very fast mining

I know that sounds awesome, but what would be the real point? Every miner would buy the card and then the relative computational strength would stay the same. Everyone would generate the same number of coins. Right?

But at least for a while some people would have an upper hand. Everyone can't buy the cards simultaneously. Hardcore enthusiasts would get their hands on it first, and everyone else would have to wait for more to come in stock.

In the beginning the standard was the CPU miner. Sure if you already have big rigs, you would not want to see a card come out that does 300Mh/J rendering your 1.5Mh/J-cards more or less worthless but if that technology exists, you can only hope it will not be sold to the fed exclusively.

They should design something like HD 7870 Bitcoin Edition for very fast mining

I know that sounds awesome, but what would be the real point? Every miner would buy the card and then the relative computational strength would stay the same. Everyone would generate the same number of coins. Right?

They should design something like HD 7870 Bitcoin Edition for very fast mining

I know that sounds awesome, but what would be the real point? Every miner would buy the card and then the relative computational strength would stay the same. Everyone would generate the same number of coins. Right?

It's sort of the Red Queen situation- you have to keep running as fast as you can just to stay in the same place. So long as bitcoins appreciate, it still makes sense.

They should design something like HD 7870 Bitcoin Edition for very fast mining

I know that sounds awesome, but what would be the real point? Every miner would buy the card and then the relative computational strength would stay the same. Everyone would generate the same number of coins. Right?

It's sort of the Red Queen situation- you have to keep running as fast as you can just to stay in the same place. So long as bitcoins appreciate, it still makes sense.

Yeah, it's exactly a Red Queen situation. I think the gazelle wouldn't wish to get faster if it knew that by doing so it would be, in effect, creating faster cheetahs.

Yeah, it's exactly a Red Queen situation. I think the gazelle wouldn't wish to get faster if it knew that by doing so it would be, in effect, creating faster cheetahs.

Difficulty follows price, not the other way around. If it's too expensive to generate new coins then people will stop mining and difficulty will lower down. If price goes down to 1$/btc there'll still be miners. In the long term, only the most efficient miners will survive.